Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporations anticipated annual volume of 517,000 units.

Direct materials = $6

Direct labor = $11

Variable manufacturing overhead = $14

Fixed manufacturing overhead = $3,619,000

Variable selling and administrative expenses = $14

Fixed selling and administrative expenses = $2,068,000

The company has a desired ROI of 25%. It has invested assets of $28,952,000.

I computed a correct total cost of $56 and ROI of $14.

(a) Using absorption-cost pricing, compute the markup percentage. **I calculated 28.10% myself but that wasn't right

(b) Using variable-cost pricing, compute the markup percentage.